Here's Why Wedbush Added Infosys To Best Ideas List

January 31, 2022 10:05 AM | 1 min read | Make a Comment

Infosys Ltd INFY received some positive commentary from Wall Street, as Wedbush Securities added the stock to its Best Ideas List, noting it is "well-positioned" to bring the highest growth rates in the sector.
Analyst Moshe Katr has an Outperform and $30 price target.
The price target implies an upside of 32.4%.
Katr noted that the recent 15% decline in the stock gives investors "an attractive buying opportunity as the stock's appreciation will continue to be a function of accelerating top-line growth rates with stable margins."
Price Action: INFY shares traded higher by 2.91% at $23.33 in the market session on the last check Monday.